Chilean miners labour group alleges ‘alarming’ rise in coronavirus cases
Large copper miners including Codelco, BHP and Antofagasta have maintained production levels, while covid-19 cases among workers rises.
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Russia’s gold mine production growth to overtake China’s by 2029 – report
Fitch Solutions predicts that Russia’s gold production will grow from 11.3moz in 2020 to 15.5moz in 2029.
Fuel spill in Siberia to cost Nornickel over $150 million
The company said that besides clean-up costs, it will have to deal with environmental penalties.
Iron-storing bacteria may be used to mine gold, copper
Researchers at UC are working with bacteria whose ability to concentrate different metals could be used to access valuable elements or to clear toxic metals from polluted water.
Top miners in good position to weather covid-19 – report
PwC forecasts that miners will take a hit to EBITDA of approximately 6% in 2020.
B2Gold doubles quarterly dividend
Company also expects to increase annual dividend from $0.04 to $0.08 per share.
Appia to drill at world’s 2nd richest rare earth prospect
Alces Lake is located north of Lake Athabasca and the Athabasca Basin, about 34 km east of Uranium City.
Banks moved gold trading from New York to London, LBMA says
London, which has historically been the main hub for trading in spot gold, also saw volumes of swaps and forwards increase.
Artemis raises $114m to fund Blackwater purchase
Company will use the proceeds to fund the initial payment of C$140 million.